Airline buys two Boeing 747 aircraft in an online auction
Beijing - Three, two, one - mine: bidders can buy almost anything on China's largest online auction platform. Now there were two Boeing 747 from the stock of the bankrupt freight company Jade Cargo International.
The aircraft B2423 and B2422 came from the stock of the bankrupt cargo company Jade Cargo International.
SF Airlines has given the shopping experience at Taobao a new dimension.
The Chinese carrier has offered more than $ 48 million for two Boeing 747 freighters. The third plane was not sold.
Online auctions are a great way to monetize the property of bankrupt companies. The aircraft B2423 and B2422 came from the stock of the bankrupt cargo company Jade Cargo International.
Taobao's auction platform is a treasure of assets from all over China, where real estate, industrial facilities, and vehicles in different states are available.
Taobao, which roughly means "treasure hunt", also auctioned off bad loans from Chinese companies. Alibaba dominates online commerce in China. Taobao and Alibaba Group's other shopping platforms held over 75 percent of the market share in this area.